Click 2 Protect Ultimate

What this product is

A high-value term plan (₹1-3 crore cover) with Single, Regular, or Limited Pay options and a choice to receive the death benefit as instalments instead of a lump sum.

You might need this if…

• You might need this if you want large term cover in the ₹1-3 crore range with flexible payment structures.
• You might need this if you'd rather your family receive the payout as a steady income over 5-15 years instead of a single lump sum, to guard against it being spent too quickly.
• You might need this if you want the option to change your premium payment frequency during the term as your cash flow changes.
• You might need this if you'd like an option to exit early (Smart Exit Benefit) and get your premiums back between policy years 26-35.

How it actually works

• Entry age 18-50; policy term 1-40 years; sum assured range is ₹1 crore to ₹3 crore.
• Death benefit is the higher of the sum assured or 105% of total premiums paid (with a 10x annualised premium factor for non-Single Pay).
• Terminal illness benefit accelerates up to ₹2 crore of the death benefit if diagnosed within a 6-month window, available until age 80.
• Death Benefit as Instalment option spreads the payout over 5-15 years, with interest linked to the 10-year G-Sec yield.
• Optional Return of Premium pays back 100% of premiums at maturity if you survive the term.

Worked example

Worth knowing before you decide

• Sum assured is capped between ₹1-3 crore, so it isn't suited if you need cover outside that band.
• Suicide within 12 months limits the payout to 80% of premiums paid or the surrender value, whichever is higher.
• Non-disclosure of cancer or auto-immune conditions is subject to underwriting scrutiny and can affect claims.
• Revival after a lapse is only possible within 5 years, at 9.5% p.a. interest.

Official source

⌟ Official product brochure

Learn about this category

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